NHL and MLB Sign With Polymarket and Kalshi as Their Unions Ask CFTC to Intervene

A coalition of the largest US professional sports player unions has asked the Commodity Futures Trading Commission (CFTC) to prohibit several categories of sports event contracts at platforms like Kalshi and Polymarket, putting the unions in direct opposition to the leagues that have signed commercial deals with the same platforms. Key Takeaways: Player unions for … Read more

ZachXBT Flags Polyarb as Fake Prediction Market With an Active Wallet Drainer

Onchain investigator ZachXBT has warned that Polyarb, a site presenting itself as a prediction market platform, is running an active wallet drainer and is gaining reach through prominent crypto accounts replying to its posts. Key Takeaways: ZachXBT warned on May 4, 2026, that Polyarb hosts an active wallet drainer targeting crypto users. Prominent accounts replying … Read more

Coinbase Says Prediction Markets Are Maturing, CFTC Needs No New Mandate

Coinbase says prediction markets should stay under CFTC oversight, arguing event-based contracts already fit within federal derivatives law. The company laid out four points in a comment letter and public post. Key Takeaways: Coinbase urged the CFTC to regulate prediction markets under existing derivatives law. Federal oversight could prevent fragmented state enforcement across interstate prediction … Read more

Hyperliquid Launches HIP-4 and Targets Polymarket With Zero-Fee Outcome Markets

Hyperliquid activated its HIP-4 Outcome Markets on mainnet May 2, 2026, bringing fully collateralized, onchain prediction markets directly into the same account where traders already run perpetual futures and spot positions. Key Takeaways: Hyperliquid launched HIP-4 Outcome Markets on mainnet May 2, 2026, with BTC daily binary contracts live and trading. HIP-4 charges zero fees … Read more

Senate Democrats Urge CFTC to Ban Sports and Election Contracts on Kalshi and Polymarket

A group of congressional Democrats sent the Commodity Futures Trading Commission (CFTC) a letter on Thursday demanding the agency issue rules banning event contracts on elections, war, military actions, sports, and government actions without an economic hedging interest. The letter was filed on the final day of the CFTC’s advance notice of proposed rulemaking comment … Read more

US Senate Bans Lawmakers From Betting on Prediction Markets

The United States Senate took decisive action on Thursday to prevent lawmakers from wagering on the very outcomes they influence by unanimously passing a resolution to ban sitting senators from participating in prediction markets. Key Takeaways: Sen. Bernie Moreno led the U.S. Senate to pass a unanimous ban on prediction market trading on April 30, … Read more

Prediction Market Leader Polymarket Deploys Chainalysis Security Tools

Polymarket, the prediction marketplace giant, has officially selected blockchain surveillance firm Chainalysis to deploy a first-of-its-kind onchain solution for monitoring market integrity. Key Takeaways: Polymarket selected Chainalysis to deploy a first-of-its-kind onchain solution for monitoring trading activity. The 2024 partnership introduces bespoke anomaly models to detect insider trading patterns on public blockchains. Polymarket aims to … Read more

Maduro Raid Commando Pleads Not Guilty After $400K Polymarket Bet on His Own Mission

U.S. Army Master Sergeant Gannon Ken Van Dyke pleaded not guilty Tuesday to five federal charges over a series of Polymarket bets that turned $33,000 into more than $404,000, in what prosecutors describe as the first insider-trading case ever filed against a prediction-markets trader. Key Takeaways: Van Dyke pleads not guilty to five federal charges … Read more

Report: Polymarket Targets Full US Return as CFTC Talks Advance

Polymarket is in active talks with the U.S. Commodity Futures Trading Commission (CFTC) to remove a ban that has kept its primary blockchain-based exchange away from American traders since 2022, Bloomberg reported. Key Takeaways: Polymarket held discussions with the CFTC in recent weeks to lift its 2022 ban and bring its main exchange to U.S. … Read more

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